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AI21 Co-Founder Amnon Shashua Resigns Following Major Layoffs

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Calcalist · Jul 7, 2026

What happened

Amnon Shashua, co-founder of AI21 Labs, resigns after the company laid off over 60% of its staff and refocused its operations. AI21, founded in 2017 and valued at $1.4 billion, recently cut its workforce from 180 to 70 employees. Shashua will now focus on other ventures including Mobileye, Manti Robotics, and the newly founded unicorn startup AAI.

01Amnon Shashua resigns from AI21 Labs following major layoffs exceeding 60% of staff.
02AI21 Labs cut employees from 180 to 70 and shifted its business focus in May 2024.
03The company raised $300 million in a Series D round valuing it at $1.4 billion with investors like Google and Intel.
04Shashua is now focusing on Mobileye, Manti Robotics, and the new startup AAI.
05AAI, founded in late 2023, raised hundreds of millions led by Lightspeed, reaching unicorn status.
06AI21 signed a multi-million dollar deal with Navios amid its restructuring.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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